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1984
These numbnuts in charge have agreed to build more gas powered power stations of which we have no need.
They can balance the grid now comfortably with the DFS they have used the last 2 winters.
The ability to do this with home battery storage will only get easier yet they commit to more gas and export 80% of the gas and oil we produce.
Someone is making cash out of this …….
It isn’t too hard to work it out.
There will be solutions and I’ve just replaced a combi boiler, no other option currently……
If I could have put in a heat pump I would have…….
Pretty sure that was the UT anyway.
Of course they have BYRONRAMPERBAYGOLD, all those hefty buys and the price hasn’t moved.
Have you worked it out yet, or is it too difficult for you.
Doh……they ain’t all buys 🤡
Says last trade 8.9
Went through at 4:37pm
It is showing as a 'single protected transaction', but I was guessing it was a delayed trade too.
Simply a delayed print
Wow, which platform is providing a quote at 8.89, I'm seeing an ask of 8.16 for SOLG on Charles Stanley.
Not quite today, hoever we tickled the bools of 9p and volume was huge for us, another RNS and another day tomorrow.
ONWARDS & UPWARDS!!!
A sad indictment of where we currently are
Hefty UT
Of course, what a dozy b-stard I am.....been out for a run, head emptied of oxygen
apologies
Another big day coming tomorrow
I think that is just a snapshot of the solgold biz. Scott is the interim CEO.
There have been some chunky buys last few days.
BBG
On DGR Global website
Current ownership: 6.8% Direct Investment
LSE Code: SOLG
Stage:: Exploration and production
Location: Ecuador, Australia, Solomon Islands
Commodity: Copper, Gold
Interim CEO: Scott Caldwell
https://www.dgrglobal.com.au/solgold
Where do you read that schlem?
Price should close above 8.09 on the daily to stay above the 100MA and break free of its influence.
I didn't realise Caldwell was interim CEO of DGR Global
Gas is dirt cheap and so are gas boilers
You can try and “mandate” what you want, when the people say no as the EU are now finding out over the absurd EV movement, then it really doesn’t matter what you mandate
We will see all this bs kicked into the long grass, mark my words. It is nothing approaching feasible currently.
Rcgl, do you agree that the risk has been substantially mitigated over the past few weeks?
Wise words, rcgl2, wise words.
Bit choppy today due to good recent run up but also hot CPI number hit risk on assets as dollar rebounded.
But the important thing to take from today is 'volume' still up and strong. Close to 16.5m traded with 20 mins left. Could be a 20m volume day today.
Technical report was good read.
Apart from the Ecuador signing ceremony... I think that's the newsflow that was required before they can release the all important .... funding or SR outcome or bit of both... the decks are clear now.
With Mr Liu on board, I'm guessing the chinese are handcuffed on future open market trades.
Which suggests the decent volume is down to some other entity out there.
Still no TR1's despite the whopping 400m shares traded over the last 2 to 3 weeks.
21 million people aren’t going to change their gas boilers even if they could afford to.
Many years ago houses used coal to generate hot water and heating.
Millions of homes used coal and oil. Gas from the North Sea changed this. As mains gas pipes got installed and supplies piped into housing schemes people changed over to gas for hot water and heating at great cost to the homeowner.
The same will happen to gas when gas boilers become unrepairable or past their last permitted installation date.
"And my foundation for such thinking is proven by the last placing which saw Maxit and a few others help themsselves to the cheapest placing in SOLG shares for yonks."
An alternative view would be that Maxit and chums were willing to invest millions of dollars into a company that had already raised many millions from other investors who are now sitting on large losses as a result and were probably unwilling to throw yet more money at this. If management had been able to raise $20m at 25p a share then I'm sure they would have leapt at the chance but I expect a lot of investors didn't want to touch this with a bargepole. When your company is looking like a falling knife and you need investors to catch it, you are going to have to take their investment at a price they dictate.
For all the grumbling on here, which of us has several million dollars we'd be willing to invest to keep the Solg show on the road? I could throw another 2 or 3 times my investment at this today at these bargain bucket prices, but I choose not to because that original investment is now about 70% underwater. If this goes belly up the Sangha will have lots many many times more money than I have.
And it could go belly up. The reason we will get paid on this is for taking on the risk. If there are multi-bag returns on offer at this price, that's because the risk is equally very high.
You only have to do the basic maths to realise it’s totally impossible
We need gas to power the grid for all the new EVs too!!
21 million people aren’t going to change their gas boilers even if they could afford to. We just need the bullocks to last long enough to sell cascabel!